KitKat chocolates are among the best-known brands produced by Nestlé, the Swiss foods groupThe owner of KitKat chocolates, Nescafé coffee and Felix cat food has warned consumers to expect further price rises as sharp inflation in commodities prices feeds through to the high street. Nestlé said it had raised prices by 5.2 per cent in the first three months of the year to offset its own supply chain costs, but more was to come. SponsoredGlobal food prices have been rising rapidly, pushed higher first by disruption to supply chains linked to the Covid-19 pandemic and then by Russia’s war in Ukraine affecting core staples and energy prices. The United Nations has said that food prices are at their highest level since records began 60 years. Mark Schneider, chief executive of the Swiss food group, whose other brands include

Source: The Times April 22, 2022 00:04 UTC